Entropy Technologies LP Acquires New Position in Onestream, Inc. (NASDAQ:OS)

Entropy Technologies LP acquired a new stake in Onestream, Inc. (NASDAQ:OS) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 26,200 shares of the company’s stock, valued at approximately $747,000.

A number of other institutional investors have also recently bought and sold shares of the business. First Horizon Advisors Inc. acquired a new stake in shares of Onestream in the 3rd quarter valued at approximately $27,000. Point72 Asset Management L.P. acquired a new stake in Onestream in the third quarter worth $77,000. RiverPark Advisors LLC acquired a new stake in Onestream in the third quarter worth $92,000. SG Americas Securities LLC acquired a new position in shares of Onestream in the 4th quarter valued at $166,000. Finally, Moody National Bank Trust Division acquired a new position in shares of Onestream in the 4th quarter valued at $200,000.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on OS shares. Raymond James boosted their target price on Onestream from $34.00 to $35.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Morgan Stanley upgraded Onestream from an “equal weight” rating to an “overweight” rating and set a $37.00 price objective for the company in a research report on Thursday, January 16th. Citigroup dropped their target price on shares of Onestream from $36.00 to $32.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Piper Sandler upped their price target on shares of Onestream from $34.00 to $37.00 and gave the company an “overweight” rating in a report on Friday, November 8th. Finally, Needham & Company LLC increased their price objective on shares of Onestream from $35.00 to $38.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. One equities research analyst has rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $35.72.

Insider Activity at Onestream

In other news, Director Michael Burkland sold 63,608 shares of the business’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $31.00, for a total value of $1,971,848.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO William A. Koefoed sold 13,765 shares of the company’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $30.00, for a total transaction of $412,950.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 7,709,787 shares of company stock worth $231,177,930.

Onestream Price Performance

Shares of OS opened at $30.18 on Wednesday. The firm has a 50-day moving average of $29.19 and a 200-day moving average of $29.93. Onestream, Inc. has a one year low of $24.50 and a one year high of $35.39.

Onestream (NASDAQ:OS) last posted its earnings results on Tuesday, February 11th. The company reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.05. As a group, analysts expect that Onestream, Inc. will post 0.04 EPS for the current year.

Onestream Profile

OneStream, Inc is a holding company, which engages in the development of artificial intelligence (AI) based enterprise finance platform. The firm offers Digital Finance Cloud, an AI-enabled and extensible software platform that unifies core financial functions and operational data and processes. Its platform focuses on forming a comprehensive, dynamic, and predictive view of the entire enterprise, providing corporate leaders with the control, visibility, and agility required to proactively adjust business strategy and day-to-day execution.